Indian agri ministry accepts Gujarat govt groundnut procurement rates

03 Nov 2016

Indian agriculture ministry has approved Gujarat government's proposal on price support scheme for procurement of groundnut during the current Kharif season.

NEW DELHI: Indian agriculture ministry has said in a statement that it has approved Gujarat government's proposal on price support scheme for procurement of #groundnut in the state during the current Kharif season.

The ministry said that it has fixed a price of maximum selling price (MSP) + Bonus at $63.18 (Rs 4220) per quintal for procurement, which was asked by the state government and also directed the central government agencies to start the procurement process.

The proposal was send under the implementation of price support scheme for procurement of groundnut in the state of #Gujarat during the current 2016-17 #Kharif Season, which was approved on November 2, 2016, the ministry statement adds.